SPY vs WTLS
State Street SPDR S&P 500 ETF Trust vs WisdomTree Efficient Long/Short US Equity Fund ETF
Which is better, SPY or WTLS?
Large Cap Blend against Long-Short Strategy.
SPY has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | WTLS |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.88% |
| AUM | $797.9B | $19M |
| Dividend Yield | 1.00% | 0.00% |
| Holdings | 504 | 564 |
| YTD Return | +11.28% | +20.19%Best |
| 1Y Return | +13.46% | - |
| 3Y Return (annualized) | +20.37% | - |
| 5Y Return (annualized) | +11.54% | - |
| Fund Family | State Street Investment Management | WisdomTree Investments |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Long-Short Strategy |
| Inception | Jan 22, 1993 | Jan 22, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs WTLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs WTLS Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and WisdomTree Efficient Long/Short US Equity Fund ETF (WTLS) is an ETF from WisdomTree Investments. Year to date, SPY is up 11.28% versus a gain of 20.19% for WTLS.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while WTLS charges 0.88%. On a $10,000 position that is $9 vs $88 annually, a gap of $79 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.00% for WTLS.
Holdings Overlap
At least 24.0% of SPY's money is in holdings WTLS also owns.
Stated as a floor: for WTLS, our book for it covers 94.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and WTLS share little of their money.
185 positions in common, counted across the 502 positions we hold weights for in SPY and 533 in WTLS, against full books of 504 and 564.
Top Shared Holdings
| Stock | Weight in SPY | Weight in WTLS | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.71% | 0.70% | 3.01% |
| AMDAdvanced Micro Devices Inc. | 1.17% | -0.19% | 1.36% |
| DOWDow Inc. | 0.04% | 0.81% | 0.77% |
| HDHome Depot Inc/The | 0.52% | 0.32% | 0.20% |
| MSMorgan Stanley | 0.34% | 0.37% | 0.03% |
| INTCIntel Corp. | 0.46% | 0.24% | 0.22% |
| CFCf Industries Holdings Inc. | 0.03% | 0.66% | 0.63% |
| TXNTexas Instruments, Inc | 0.42% | 0.25% | 0.17% |
| CATCaterpillar, Inc. | 0.43% | 0.20% | 0.23% |
| HASHasbro Inc. | 0.03% | 0.59% | 0.56% |
24.0% of SPY is already inside WTLS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or WTLS?
SPY has an expense ratio of 0.09% while WTLS charges 0.88%. SPY is the cheaper option, by $79 a year on a $10,000 investment.
What is the holdings overlap between SPY and WTLS?
At least 24.0% of SPY's money is in holdings WTLS also owns. Our book for WTLS is partial, so the real figure is this or higher. They hold 185 positions in common, counted across the 502 positions we hold weights for in SPY and 533 in WTLS.
Which pays a higher dividend, SPY or WTLS?
SPY yields 1.00% while WTLS yields 0.00%, so SPY currently pays the higher dividend yield.
Is WTLS better than SPY?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.